Top Global Market Stories

Bitcoin is nearing the important $270 level after yet another day of losses. This makes it four losing days in a row. After opening at $284.42 on OKCoin we slowly sold-off to a low of $275.66. Near the end of the session BTC staged a small relief rally to close the day at $279.43. We […]

Top Trade Ideas

Last week GBPCAD arrived at a swing equivalent level where the last swing (“CD”) was the same size as the swing leading into it (“AB”). It’s quite common for trends to end at this point, setting up for a significant correction. The uptrend in GBPCAD had been losing momentum as it approached this swing equivalent […]

MT4 Trading & Education

Hi, this is Shaun Overton with ForexNews.com and OneStepRemoved.com. In this 3 minute video, I’m going to introduce you to the Parabolic SAR indicator for MetaTrader 4. If you don’t already have a demo account, you can follow along for free with an OANDA account by clicking the link below this video. Register For A […]

Featured Chart

The Euro extended downward against the US Dollar as expected after prices produced a bearish Evening Star candlestick pattern. A daily close below the 38.2% Fibonacci expansionat 1.0888 exposes the 1.0814-18 area (50% level, May 27 low). Alternatively, a move above the 23.6% Fib at 1.0980 opens the door for a challenge of the 14.6% expansion at 1.1036.

Prices are too close to support to justify entering short in line with our long-term outlookfrom a risk/rewardperspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.

Bitcoin

Bitcoin is nearing the important $270 level after yet another day of losses. This makes it four losing days in a row. After opening at $284.42 on OKCoin we slowly sold-off to a low of $275.66. Near the end of the session BTC staged a small relief rally to close the day at $279.43. We […]

Global Market Commentary

Last week GBPCAD arrived at a swing equivalent level where the last swing (“CD”) was the same size as the swing leading into it (“AB”). It’s quite common for trends to end at this point, setting up for a significant correction. The uptrend in GBPCAD had been losing momentum as it approached this swing equivalent […]

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